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ARAFURA RESOURCES: 2022 PRODUCTION START FOR NOLANS PROJECT

Alice Springs, Feb 7

Australian rare earths developer Arafura is targeting project commissioning in early-mid 2022 after completing a DFS that confirms a robust base case for its 100%-owned Nolans neodymium-praseodymium project, 135km N of Alice Springs in the NT.The study, deferred last year over cost concerns, confirmed ultra low costs of $US25.94/kg for higher than previously expected production of 4,357tpa NdPr oxide.